SIMPLE IRA Programs from Inspira

A SIMPLE IRA allows your clients to reward their employees without the considerable cost of a 401(k) or another traditional retirement plan. Unlike a 401(k), With a SIMPLE IRA from Inspira they don't have to pay a fee to a Financial Advisor to select investments or pay a per-head fee to a record keeper.

Employees get an easy-to-use retirement vehicle with these advantages:

1. A safe harbor fund that currently pays 1.75%
2. An IRA with unlimited free trades and no loads
3. A fund line-up screened by an investment professional
4. Free investment tools including an Investment Guide to help make investment decisions
5. No account minumums
6. Account access online and through a Voice Response Unit
7. Call center access to trained IRA professionals

The SIMPLE IRA plan option was created for employers with 100 or fewer employees. If you are under a SIMPLE plan you can personally contribute tax-deferred to your SIMPLE IRA account up to $11,500 annually if you are under 50, or $14,000 if you are 50 or over.

If you have employees, they too can participate in your SIMPLE IRA plan. But be aware, for these employees you will need to match their contributions, either by 3% of salary contributed or make a flat 2% contribution to all employees whether or not they contribute on their own.

In 2 out of every 5 years, the contribution can be as low as 1%.

Call today to start offering your clients or employees a SIMPLE IRA.